Islamic State defeat: a pivotal moment for Iraq

This week Iraqi troops declared victory over Islamic State (IS) in Mosul, having recaptured virtually all of the territory they lost.

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Iraq's forces are on the offensive
(Image credit: 2017 Martyn Aim)

This week Iraqi troops declared victory over Islamic State (IS) in Mosul. They have now recaptured virtually all of the territory they lost, says the FT's Erika Solomon.

At the same time, the caliphate's capital of Raqqa in Syria "has been surrounded". So "the state' IS claims to govern looks ever closer to its end". But "the biggest challenge may not be defeating IS, but preventing it from rising again". Already, "IS has increased roadside bombs around Mosul and suicide bomb attacks on towns south of the city including on a refugee camp".

IS may have finally lost its foothold in Mosul, but if the government can't provide protection from militias seeking revenge, the recapture of Mosul "could simply set up the next round of Sunni insurgency", warns Jack Watling in The Atlantic. However, "if the government can lure investment and reignite Mosul's local economy, then its liberation could mark a turning point". Iraq therefore stands "at a pivotal moment".

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Ironically, "three years of war against the Islamist extremists created a national sense of urgency which overcame regional, ethnic and sectarian disputes", says The Guardian's Jonathan Steele. Without such an effort, "Iraqis themselves may slip back into fraternal conflict now that their temporary need to unite against IS is almost over".

Two major issues are dividing up oil revenue and possible violence between Sunnis and Shias. The good news is that "most of Iraq's leaders recognise the challenges" and the prime minister "has shown himself to be more sensitive and inclusive than his predecessor".

Dr Matthew Partridge

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

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